Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Starbucks Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Dec 31, 2023	Oct 1, 2023	Jul 2, 2023	Apr 2, 2023	Jan 1, 2023	Oct 2, 2022	Jul 3, 2022	Apr 3, 2022	Jan 2, 2022	Oct 3, 2021	Jun 27, 2021	Mar 28, 2021	Dec 27, 2020	Sep 27, 2020	Jun 28, 2020	Mar 29, 2020	Dec 29, 2019	Sep 29, 2019	Jun 30, 2019	Mar 31, 2019	Dec 30, 2018	Sep 30, 2018	Jul 1, 2018	Apr 1, 2018	Dec 31, 2017
Company-operated stores	7,755,200)	7,679,800)	7,556,700)	7,142,300)	7,083,500)	6,901,500)	6,675,500)	6,276,700)	6,722,400)	6,864,300)	6,363,100)	5,653,100)	5,726,500)	5,173,500)	3,444,400)	4,766,000)	5,780,700)	5,480,100)	5,535,000)	5,159,000)	5,370,300)	5,060,100)	5,060,400)	4,828,000)	4,741,800)
Licensed stores	1,192,100)	1,187,500)	1,136,200)	1,069,500)	1,119,500)	998,400)	956,800)	849,500)	850,800)	794,600)	680,200)	595,000)	613,800)	544,800)	300,500)	689,800)	792,000)	734,700)	725,000)	678,200)	737,100)	683,600)	660,600)	625,600)	682,400)
Other	478,000)	506,300)	475,400)	508,000)	510,900)	514,300)	517,800)	509,400)	477,200)	487,800)	453,200)	419,900)	409,100)	484,800)	477,200)	539,900)	524,400)	532,200)	563,000)	468,700)	525,300)	560,000)	589,300)	578,200)	649,500)
Net revenues	9,425,300)	9,373,600)	9,168,300)	8,719,800)	8,713,900)	8,414,200)	8,150,100)	7,635,600)	8,050,400)	8,146,700)	7,496,500)	6,668,000)	6,749,400)	6,203,100)	4,222,100)	5,995,700)	7,097,100)	6,747,000)	6,823,000)	6,305,900)	6,632,700)	6,303,700)	6,310,300)	6,031,800)	6,073,700)
Product and distribution costs	(2,980,600)	(2,933,000)	(2,864,200)	(2,801,700)	(2,810,200)	(2,711,100)	(2,613,600)	(2,465,800)	(2,526,900)	(2,491,200)	(2,206,000)	(1,992,400)	(2,049,100)	(1,976,800)	(1,484,000)	(1,997,700)	(2,236,400)	(355,800)	(2,808,600)	(2,603,800)	(2,758,700)	(2,600,700)	(2,554,900)	(2,516,000)	(2,502,900)
Store operating expenses	(3,851,500)	(3,721,400)	(3,697,600)	(3,636,000)	(3,665,300)	(3,544,600)	(3,302,500)	(3,314,700)	(3,400,000)	(3,273,400)	(2,966,900)	(2,823,300)	(2,867,300)	(2,683,300)	(2,537,800)	(2,721,400)	(2,821,500)	(4,532,500)	(2,018,500)	(1,949,600)	(1,993,000)	(1,841,600)	(1,825,000)	(1,789,600)	(1,737,000)
Cost of revenues	(6,832,100)	(6,654,400)	(6,561,800)	(6,437,700)	(6,475,500)	(6,255,700)	(5,916,100)	(5,780,500)	(5,926,900)	(5,764,600)	(5,172,900)	(4,815,700)	(4,916,400)	(4,660,100)	(4,021,800)	(4,719,100)	(5,057,900)	(4,888,300)	(4,827,100)	(4,553,400)	(4,751,700)	(4,442,300)	(4,379,900)	(4,305,600)	(4,239,900)
Gross profit	2,593,200)	2,719,200)	2,606,500)	2,282,100)	2,238,400)	2,158,500)	2,234,000)	1,855,100)	2,123,500)	2,382,100)	2,323,600)	1,852,300)	1,833,000)	1,543,000)	200,300)	1,276,600)	2,039,200)	1,858,700)	1,995,900)	1,752,500)	1,881,000)	1,861,400)	1,930,400)	1,726,200)	1,833,800)
Other operating expenses	(150,400)	(145,200)	(138,700)	(126,200)	(129,300)	(123,000)	(135,100)	(101,700)	(101,700)	(108,600)	(71,400)	(87,700)	(91,800)	(99,900)	(133,600)	(95,000)	(101,800)	(105,900)	(89,600)	(82,300)	(93,200)	(115,400)	(148,000)	(134,300)	(141,600)
Depreciation and amortization expenses	(365,300)	(351,400)	(342,200)	(341,900)	(327,100)	(357,400)	(356,800)	(367,700)	(366,000)	(354,600)	(354,300)	(366,700)	(366,100)	(363,000)	(361,000)	(356,300)	(351,000)	(344,600)	(343,100)	(356,200)	(333,400)	(326,600)	(330,000)	(331,600)	(258,800)
General and administrative expenses	(648,000)	(635,700)	(604,300)	(620,400)	(580,900)	(538,000)	(486,700)	(481,500)	(525,800)	(501,200)	(494,900)	(464,400)	(472,100)	(439,000)	(399,900)	(406,500)	(434,200)	(405,000)	(480,200)	(475,600)	(463,300)	(505,400)	(468,700)	(405,800)	(379,100)
Restructuring and impairments	—)	(100)	(7,100)	(8,800)	(5,800)	(35,100)	(14,000)	(4,400)	7,500)	(55,400)	(19,800)	(23,000)	(72,200)	(195,000)	(78,100)	700)	(6,300)	(11,900)	(37,700)	(43,000)	(43,200)	(45,200)	(16,900)	(134,700)	(27,600)
Income from equity investees	55,900)	119,500)	69,700)	51,400)	57,800)	90,600)	54,100)	49,100)	40,300)	120,000)	105,500)	77,100)	82,700)	112,300)	68,400)	67,900)	73,900)	91,900)	76,000)	62,300)	67,800)	87,700)	71,400)	52,700)	89,400)
Gain from sale of assets	—)	—)	—)	91,300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating income (loss)	1,485,400)	1,706,300)	1,583,900)	1,327,500)	1,253,100)	1,195,600)	1,295,500)	948,900)	1,177,800)	1,482,300)	1,488,700)	987,600)	913,500)	558,400)	(703,900)	487,400)	1,219,800)	1,083,200)	1,121,300)	857,700)	1,015,700)	956,500)	1,038,200)	772,500)	1,116,100)
Gain resulting from acquisition of joint venture	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	2,500)	47,600)	1,326,300)
Net gain (loss) resulting from divestiture of certain operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	864,500)	—)	—)	—)	—)	—)	—)	—)	—)	601,800)	21,000)	—)	2,900)	—)	(4,900)	501,200)
Interest income and other, net	33,800)	29,900)	21,300)	18,400)	11,600)	31,000)	19,800)	46,300)	(100)	21,300)	36,000)	17,300)	15,500)	9,100)	12,700)	2,000)	15,900)	16,300)	40,200)	15,200)	24,800)	36,200)	31,500)	35,500)	88,200)
Interest expense	(140,100)	(143,200)	(140,900)	(136,300)	(129,700)	(125,400)	(123,100)	(119,100)	(115,300)	(120,700)	(113,400)	(115,000)	(120,700)	(125,100)	(120,800)	(99,200)	(91,900)	(95,700)	(86,400)	(73,900)	(75,000)	(63,900)	(45,400)	(35,100)	(25,900)
Earnings (loss) before income taxes	1,379,100)	1,593,000)	1,464,300)	1,209,600)	1,135,000)	1,101,200)	1,192,200)	876,100)	1,062,400)	2,247,400)	1,411,300)	889,900)	808,300)	442,400)	(812,000)	390,200)	1,143,800)	1,003,800)	1,676,900)	820,000)	965,500)	931,700)	1,026,800)	815,600)	3,005,900)
Income tax (expense) benefit	(354,700)	(373,700)	(322,400)	(301,300)	(279,800)	(222,600)	(278,500)	(201,100)	(246,300)	(482,900)	(257,100)	(230,500)	(186,100)	(49,700)	133,900)	(65,400)	(258,500)	(201,600)	(303,700)	(161,200)	(205,100)	(175,600)	(174,800)	(155,800)	(755,800)
Net earnings (loss) including noncontrolling interests	1,024,400)	1,219,300)	1,141,900)	908,300)	855,200)	878,600)	913,700)	675,000)	816,100)	1,764,500)	1,154,200)	659,400)	622,200)	392,700)	(678,100)	324,800)	885,300)	802,200)	1,373,200)	658,800)	760,400)	756,100)	852,000)	659,800)	2,250,100)
Net (earnings) loss attributable to noncontrolling interests	—)	—)	(200)	—)	—)	(300)	(800)	(500)	(200)	(200)	(800)	—)	—)	(100)	(300)	3,600)	400)	400)	(400)	4,400)	200)	(600)	500)	300)	100)
Net earnings (loss) attributable to Starbucks	1,024,400)	1,219,300)	1,141,700)	908,300)	855,200)	878,300)	912,900)	674,500)	815,900)	1,764,300)	1,153,400)	659,400)	622,200)	392,600)	(678,400)	328,400)	885,700)	802,600)	1,372,800)	663,200)	760,600)	755,500)	852,500)	660,100)	2,250,200)

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Income statement item	Description	The company
Net revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Starbucks Corp. net revenues increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Starbucks Corp. operating income (loss) increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Earnings (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Starbucks Corp. earnings (loss) before income taxes increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Net earnings (loss) attributable to Starbucks	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Starbucks Corp. net earnings (loss) attributable to Starbucks increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.

Starbucks Corp. (NASDAQ:SBUX)

Income StatementQuarterly Data

Income Statement
Quarterly Data